Movement Alert|Salesforce Falls 3.19% in Regular Trading, $3.6 Billion Fin Acquisition Sparks Integration Concerns Amid Record Losing Streak

Market Focus06-18 22:13

On June 18, Salesforce declined 3.19% in regular trading, trading at $152.495/share, with turnover of $883 million. The stock has now fallen for more than 11 consecutive trading days, marking the longest losing streak in the company's history, with cumulative losses exceeding 22%.

On the news front, Salesforce announced a roughly $3.6 billion deal to acquire AI customer agent company Fin, triggering widespread concerns over integration and execution risks. RBC Capital Markets analyst Rishi Jaluria assigned a Neutral rating with a $120 price target, noting that the company is simultaneously integrating Informatica, Contentful, and several smaller acquisitions, significantly raising execution complexity. Jaluria also questioned Fin's product maturity, highlighting that the company — formerly known as Intercom — only secured approximately $250 million in funding in March to accelerate its advanced AI agent launch.

Adding to the pressure, broader software industry weakness and intensifying competition from Anthropic, Microsoft, and OpenAI in enterprise AI markets continue to weigh on investor sentiment toward Salesforce's growth prospects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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